At the time of writing, Sleep Number Corp [SNBR] stock is trading at $18.67, up 0.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNBR shares have gain 24.47% over the last week, with a monthly amount glided 24.88%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sleep Number Corp [NASDAQ: SNBR] stock has seen the most recent analyst activity on April 21, 2022, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $49 from $62. Previously, Wedbush downgraded its rating to Neutral on March 28, 2022, and dropped its price target to $54. On February 04, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $88 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $135 on February 18, 2021. BofA Securities downgraded its rating to a Underperform and raised its price target to $88 on February 04, 2021. BofA Securities upgraded its rating to Neutral for this stock on November 17, 2020, but kept the price target unchanged to $73. In a note dated July 10, 2020, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $39 to $65.
For the past year, the stock price of Sleep Number Corp fluctuated between $8.13 and $20.75. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Sleep Number Corp [NASDAQ: SNBR] shares were valued at $18.67 at the most recent close of the market. An investor can expect a potential drop of -35.73% based on the average SNBR price forecast.
Analyzing the SNBR fundamentals
According to Sleep Number Corp [NASDAQ:SNBR], the company’s sales were 1.74B for trailing twelve months, which represents an -9.74% plunge. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is 0.09 and Total Capital is -0.97. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.33 points at the first support level, and at 17.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.22, and for the 2nd resistance point, it is at 19.78.
Ratios To Look Out For
It is important to note that Sleep Number Corp [NASDAQ:SNBR] has a current ratio of 0.19. On the other hand, the Quick Ratio is 0.09, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 0.24.
Transactions by insiders
Recent insider trading involved STADIUM CAPITAL MANAGEMENT LLC, 10% Owner, that happened on Nov 14 ’24 when 16600.0 shares were purchased. 10% Owner, STADIUM CAPITAL MANAGEMENT LLC completed a deal on Nov 18 ’24 to buy 15000.0 shares. Meanwhile, 10% Owner STADIUM CAPITAL MANAGEMENT LLC bought 11540.0 shares on Nov 15 ’24.
